UK data to steal the limelight for the third day in a row
Good day, everyone! Hope you're all doing well as we get into European trading later. Once again, the market is offering good two-way action and that makes for good opportunities to play on both sides - though it feels like we're trapped in the middle for now.
Anyway, the session to come is light on key data with UK retail sales being the only notable one so trading will once again rely on the ebb and flow.
0600 GMT - Switzerland June trade balance data
Prior report can be found here. Trade outlook for the Swiss economy, a minor data point.
0830 GMT - UK June retail sales data
Prior release can be found here. Retail sales in May was solid as good weather and the Royal Wedding boosted spending, and the former is expected to play a part once again in June. Solid figures are expected once again on the yearly estimates (though not as strong as May) so let's see if the UK consumer delivers this time around. At this point, it's hard to see anything but a ghastly report (and by that I mean a really, really dire one) that will shift the BOE rate hike expectations in August considerably.
That's all for the session, I wish you all the best of days ahead and good luck with your trading!
